| | If you're too young to remember the insanity of the dot-com bubble, check out these pictures by Matt Weinberger on Feb 3, 2016, 12:13 PM Advertisement
 Investors, entrepreneurs, and CEOs can't stop arguing over whether or not the tech industry is in a bubble — and when that bubble is going to burst, if it hasn't already. But we've been through this before. In the 1990s, a new breed of dot-com companies popped up, raised millions in funding, threw ridiculous parties...and then vanished. Here's how it went down. SEE ALSO: 31 photos of Amazon's incredible journey from the dot-com crash to world domination The dot-com boom kicked off in the late nineties, as more people got the Internet in their homes, and the Microsoft Windows 95 Plus Pack included the first version of the Internet Explorer browser — most people's first experience with the web.
Entrepreneurial types saw a huge opportunity to serve this growing market. Jeff Bezos saw it coming early and founded Amazon in 1994. It shipped its first book, Douglas Hofstadter's "Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought," out of Bezos' garage in early 1995.
They got the name "dot-com companies" because at the time, it was a novelty to have a business with a web address — and these companies only existed online and in warehouses.
See the rest of the story at Business Insider | |
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